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Pain of commodity price increases to last: World Bank

In its latest commodity markets outlook, the World Bank has warned prices will likely remain high through to the end of 2024 and the transition to cleaner energy may be delayed. It comes as latest Australian Bureau of Statistics data shows the largest annual jump in CPI since 2000.

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Read more: World BankCPIAustralian Bureau of StatisticsGlobal Financial CrisisIndermit GillJohn Baffes